Stock futures are little changed after record-setting week for Wall Street; traders await Nvidia and retail earnings: Live updates

Stock futures were little changed Sunday night following a record-setting week, with traders awaiting quarterly results from Nvidia and major U.S. retailers. Investors also kept an eye on the U.S.-Iran war.

Dow Jones Industrial Average futures slipped 100 points, or 0.2%. S&P 500 and Nasdaq-100 futures hovered around the flatline.

Crude prices rose in early trading. West Texas Intermediate futures were up 1.8% at $107.26 per barrel. Brent oil advanced 1.1% to $110.47.

Nvidia is set to report earnings Wednesday along with Target, while Walmart is due to post results Thursday. Those releases come during a delicate time for stocks. The S&P 500 and Nasdaq hit fresh record highs last week, while the Dow briefly reclaimed the 50,000 level.

However, the major averages suffered a setback Friday, as sovereign bond yields around the world rose. The U.S. 30-year Treasury bond yield hit its highest level in around a year. In the U.K., the 30-year Gilt yield scaled to levels not seen since the late 1990s, along with long-dated Japanese bond yields.

Those moves come as oil prices remain elevated, with tensions still high between Iran and the U.S. On Sunday, President Donald Trump said Iran had to "get moving" or there "won't be anything left." Both countries are still in negotiations to end the war.

Tech stocks, which had been leading the market to record highs got battered by the spike in yields. The Nasdaq-100 index dropped 1.5% on Friday, marking its worst one-day performance since March 27.

On top of that, new inflation data released last week makes the Federal Reserve cutting rates anytime soon a long shot.

"The financial markets expect interest rates to remain higher for longer, notwithstanding President Trump's demands that Kevin Warsh, newly instated as Fed chief, get rates down," wrote Ed Yardeni, president of Yardeni Research. "But the macroeconomic backdrop no longer supports an easing bias, let alone a rate cut."

Friday's decline points to "initial signs" of U.S. stocks stalling after ripping to record highs, according to Fundstrat technical strategist Mark Newton.

"Cross-asset volatility is starting to creep back into the picture, given a synchronized global push higher in long-end Treasury yields, both domestically and across most of the developed world. While US Equities have continued to grind to new all-time highs this week on the back of NVDA and the Mag 7 doing the heavy lifting, Friday's session showed the first material signs of bearish reversal in both SPX and QQQ following a more than 17% rally in seven weeks," Newton said in a note Friday.

Ahead of a meeting of finance ministers from the Group of Seven developed economies in Paris on Monday, a senior European official says the situation in the Middle East has highlighted how exposed the interconnected global economy is to external shocks.

"Opening the Strait of Hormuz and bringing the conflict to a lasting end are of the utmost importance in mitigating the impact on the economy," Eurogroup President Kyriakos Pierrakakis said in a statement.

The Eurogroup is a body that brings together ministers from the euro area and is being represented at the G7 meeting by Pierrakakis, who is also the Greek finance minister. The G7′s core members are the U.S., U.K., Canada, France, Germany, Italy and Japan.

Dow Jones Industrial Average futures slipped 114 points, or 0.2%. S&P 500 and Nasdaq-100 futures dipped around 0.1%.